New York gold futures dropped 1 percent on Monday as a bounce in the stock market lessened safe-haven demand, triggering stop-loss orders and profit taking. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 down $10.20, or 1.1 percent, at $921.10 an ounce at 10:18 a.m. EDT (1418 GMT) on the COMEX division of the New York Mercantile Exchange. * Ranged from $919.00 to $934.10. * Gold futures pressured by profit taking after a stronger U.S. stock market led to sell-stops - traders. * Lower oil prices combined with deflationary forces should present headwind to further gains in gold, following recent rise on safe-haven buying and weaker stock markets - James Steel, chief commodities analyst at HSBC. * Diminished risk appetite and competition by higher-yield currencies prompted investors to sell gold - dealers. * Investor sentiment was less bullish after data showed higher net long positions combined with a jump in open interest in the week up to May 12, suggesting short-term bullion traders could take profits - weekly CFTC report. [ID:nN15297756] * Gold/oil ratio at 15.98, lower than the 16.41 of its previous session. * COMEX estimated 10 a.m. volume at 57,314 lots. * Spot gold traded at $920.35 an ounce, down 1.1 percent from its late Friday quote in New York. * London gold fix $921.00 an ounce. SILVER * COMEX July silver SIN9 down 31.50 cents, or 2.3 percent, at $13.695 an ounce, as the more volatile metal took direction from the gold market. * Ranged from $13.63 to $14.08. * COMEX estimated 10 a.m. volume at 9,853 lots. * Spot silver was at $13.69 an ounce, down 1.7 percent from its previous finish. * London silver fix at $13.79 an ounce. PLATINUM * NYMEX July platinum PLN9 up $13.70, or 1.2 percent, at $1,122.70 an ounce as a stock market rally temporarily brightened the outlook for the auto sector demand. * Global demand from automakers for platinum catalytic converters dropped over 8 percent to 3.81 million ounces in 2008, as North American vehicle output tumbled amid the economic slowdown - Johnson Matthey. [ID:nN15560493] * Platinum could climb to $1,350 an ounce in the next six months if investment demand firms and Chinese jewelry buying stays strong, but weak auto usage will still weigh on prices - Johnson Matthey. [ID:nWLA4525] * Spot platinum at $1,115.50 an ounce, up 1.4 percent from its late Friday quote. PALLADIUM * June palladium PAM9 down 95 cents at $226.00 an ounce on profit taking, trading in narrow range. * Spot palladium was at $224.00 an ounce, up 0.7 percent from its previous finish.

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